President Biden Ready to Act on TikTok Ban Legislation
Friday, 8 March 2024, 23:42
President Biden Pledges Action on TikTok Ban Legislation
The proposed legislation that recently passed through the U.S. House Energy and Commerce Committee unanimously calls for China's ByteDance to divest its ownership of TikTok or potentially face a U.S. ban.
Key points:
- President's Commitment: President Biden has promised to sign the ban if approved by Congress.
- Risk for ByteDance: ByteDance could be forced to divest its TikTok ownership to comply with the legislation.
This development highlights the increasing regulatory scrutiny facing Chinese tech companies operating in the U.S., potentially impacting the global tech industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.